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The 401(k) Cash-Out: A Brewing Retirement Savings Crisis?
Reuters Link to more items from this source
Feb. 13, 2014
"[Recent data from] Fidelity Investments shows that 35 percent of all participants in plans it administers cashed out their 401(k) balances when leaving their jobs last year, and the trend was even worse for young and lower-income workers. Four out of 10 workers (41 percent) age 20 to 39 cashed out, and 51 percent of workers who left jobs grossing under $30,000 cashed out.... HelloWallet ... analyzed Federal Reserve data and found that $60 billion was cashed out from workplace plans in 2010, up from $36 billion in 2004."

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